NEW YORK, Oct 17 (Reuters) - U.S. stocks extended their
rebound from this month's bruising selloff on Friday, giving the
S&P 500 its best day in over a week, as worries about the U.S.
earnings outlook eased, but the S&P 500 still posted its fourth
straight week of declines.

The S&P 500's streak of weekly losses was its longest since
August 2011, and the index still is off 6.2 percent from its
Sept. 18 record high. The drop follows worries over the health
of the global economy, the spread of the Ebola virus, as well as
factors including lower oil prices and uncertainty about the
Federal Reserve's next steps.

However, the broad index this week steered clear of
correction territory, a 10-percent drop from its high.

Friday's earnings offset some of the concerns about the
impact of weak global demand on U.S. corporations. Honeywell
shares gained 4.3 percent to $90.06 after results.
General Electric shares rose 2.4 percent
to $24.82 on its earnings.
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